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. that's the fiscal cliff. we reach the brink in two days. let's go live now to dana bash on capitol hill. because of news of a setback. dana, what do we know? >> that's right. we got this word from democratic sources about a half an hour ago. maybe a little bit more. that they consider a major setback to be going on right now. a poison pill, something that the republicans offered last night and democrats rejected today. it's called technically chain cpi, the buzz word for it. what it means for real people and real terms, would be that social security recipients would see smaller checks on a monthly basis and that's why democrats are saying that this is a nonstarter. the president did propose this to the house speakers as part of a larger deal. he even talked about it again this morning on nbc, the president. but democrats are saying that they simply do not see this in this miner, smaller mini deal. they don't want to deal with the entitlement issue at all until a later date when they can deal with it in a broad sense. here's an example of what we heard a half hour ago from the republican
falkner. >> hello and welcome to a special live sunday prime time edition of "the five", i'm dana perino and this is a fox news alert. you are looking live at the white house and capitol hill as the clock ticks down toward 2013. there are just 28 hours before the nation goes over the so-called fiscal cliff. fox chief white house correspondent ed henry has been at the white house, covering it all day. ed, where do things stand? >> good to see you, dana, you've been through the budget battles. the bottom line, there's not a lot of progress, so the white house is here and waiting and looking at what kind of last minute negotiations were going on, on capitol hill behind closed doors, but the senate majority leader harry reid a short time ago going home and basically saying that he will be back in the senate until tomorrow at 11 a.m., suggests that we're edging closer and closer to that cliff, but what the president did today. as he did something rare, he went on the sunday talk show for the first time in three years, went on nbc's meet the press and the last time he did one of the shows was
in dana bash on capitol hill. when you think about it, both sides are not happy with what's taking place, at least what they're talking about. i know you have some new information on at least what the republicans are suggesting when it comes to those massive spending cuts, some kind of delay in the process. how would that work? >> reporter: well, this is according to democratic sources. i want to be clear. congressional democratic sources saying that republicans specifically mitch mcconnell who is the lead negotiator, what he is proposing is to delay that sequester, the spending cuts for three months, so 90 days. what democrats here on capitol hill want to do is delay it for at least a year. so there is a very interesting dynamic shaping up right now. this probably is a good illustration of that. you you mentioned right at the top that the negotiations are going on now between primarily senate republican leader and the vice president, not the democratic leader. so they're certainly in the loop i'm told in a very constant way, the democrats here on capitol hill. but the fact that they let
if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the big issue has been to get over objections from conservative republicans who are not going to be happy with any potential deal. i just spoke with tom harkin who is a democrat being from iowa. and he's also a leading progressive. he said that he and other progressives might be the ones object or to try to stop any potential deal. the reason he says he's so upset is because he does not like the idea that we have been reporting of keeping the tax cuts in place of income levels up to $450,000. he believes that's too high. the president, as we know, campaigned with a lot of democratic support on $250,000. harkin said he's not happy with the idea that democrats are talking about keeping the estate tax cut in place, which also e
should try checking in with dana bash. she will have the first word on that. >> let's go to dana bash right now. first of all, the reaction to the president's remarks. we heard some biting criticism that the president was inappropriate in saying what he said at this sensitive moment. >> reporter: that's right. i'll get to that in one second. to answer your question, we don't know yet about the senate, but we do have a little bit of news that jessica alluded to, and that is the house will break tonight. we reported earlier this is likely. now it's official. the house will break tonight, new year's eve, december 31st, the night of the fiscal cliff, without voting on the fiscal cliff package. they're going to likely come in, if there's something to vote on tomorrow, and vote on it then. this is a procedural reason because they just don't have anything to vote on. it's also politically advantageous because house republicans and democrats are now going to be able to vote on effectively a tax cut, not a tax increase, because taxes go up january 1st. i think the best way to answer is by tell
congressional correspondent dana bash. dana, is that the sense you get that somehow we should be optimistic about whatever it is that's going on? >> you know, as we talked about before, you definitely get a feeling or the atmosphere here is that there is progress being made but in the same breath, but, there are still thingsing to worked out. as we wait for what we generally see when the senate opens which is the pledge of allegiance, a prayer and so forth, if you see the bottom of your screen, i'm not sure if you can see it, white hair, that is harry reid, the senate majority leader. it may be we will hear an update from him. maug maybe we should listen to th the. >> prayer. >> let us feel your presence today on capitol hill, as we gather with so much work left undone, guide our lawmakers with your wisdom. lord, show them the right thing to do and give them the courage to do it. be their shelter in the midst of the storm, regardless of how high the waters rise. when they feel exhausted, remind them of the great sufficiency of your grace. look with favor on our nation and save us from self-
in our congressional correspondent dana bash. dana, i was just sitting here imagining someone turning on their tv thinking, what a these people talking about? and i think i would sort of boil it down to this. when they are talking on the floor, that's never a good sign. they should be talking in a back room. they have gotten nowhere. we are where we are and nobody has agreed on to come up with something. >> reporter: that is right, candy. this is the kind of stuff that we watch and people who watch c-span watch but people who are really tuning in to find out what matters to them, which is are their taxes going to go up in five days got a pretty good idea of why they are so deadlocked. blue slip, which is a question of process, tax bills, can can they start in the house or the senate, and as you said, talking about the history of where things went wrong. but that's not what people want to know. people want to know what's going to happen going forward and they really got their answer, which is, it is tied up in knots. what has been talked about behind the scenes -- and the president act
, they can vote no. >> we're following the last-minute drama to avoid anything bad happening here. dana bash is covering the urgent talks in washington. ali velshi gives us the bottom li line. and alison kosik is on wall street watching how worried investors are reacting this hour. dana, we want to begin with you. we are hearing there might have been some progress overnight. >> a lot more optimism being expressed from sources in both parties. mitch mcconnell who the prime negotiator on the republican side just moments ago told reporters he spoke to the vice president, who is the prime negotiator now on the democrat side. so not totally all night, but they were up pretty late and early into the morning going back and forth making what again several sources say was significant progress. again, hate to say it, i have seen that movie before. i know you have too in covering similar negotiations like this. this is really, really been a roller coaster with people feeling optimistic and suddenly we hear things hit a snag. as you said, 14 hours to go. there's nothing like a deadline that really pushe
, what we want to do now is go over to capitol hill and talk to dana bash just a little bit because as we know, when these big deals among leadership get announced, there is still the active job of selling it to the rank and file, both the democrats and the republicans, and, dana, i'll ask you directly, are you hearing from anyone who is saying anything about whether this thing will fly in the house and the senate? >> reporter: obviously it will start in the senate, that's where we'll first see if the votes are there. as i was saying to wolf before, it is very hard to imagine at this late day and this late hour that harry reid and mitch mcconnell will agree to anything that won't get a majority of votes in both of their caucuses. but then the next move is obviously going to be the house, which is where i am right now. i'm with a republican member of the house, darrell issa. thank you for joining us. can you react to what the president said? >> i think i'm pleased there may be a deal, bring some certainty to the american people. i'm disappointed that the president took the eve of what migh
shopping. shoppers hit the stores for the last time before christmas today. dana telsey is the ceo and chief officer of telsey group. we saw you day after thanksgiving, you said there was going to be sort of a hot -- that weekend was going to be big, there was going to be a lull, and it was all going to come back. has it turned out that way for you, dana? >> i think some of it came back. i don't think all of it came back. i think it was a tougher season than expected. you think you had the long calendar, the hurricane sandy, the track dpi in connecticut, people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional. but it's a push till the end. >> okay, so winners and losers? >> i think some of the winners, i think you're going to see companies like tjx, macy's. i think american eagle outfitters, even gap had a very good season, along with michael kors. >> losers? >> i think you had a tough time at jcpenney. i think the traffic was tough there all the time. i think kohl's had to be extra promotional
. in fact, we're taking a look now at the senate floor. dana bash has been working her sources in congress, talking to pretty much everybody out there with an opinion on it. dana, what are you drawing? what conclusions are you drawing from what you're hearing? >> let me give you a little bit of color of what i witnessed, maybe better to say what i smelled coming over here. i took the back way where senators have hide aways in the capital, and i smelled a lot of firewood. people are lighting fires like they're in for a long night here on new year's eve. and perhaps that is a good sign that there is genuine optimism that they could have a vote tonight. that is what i was told by a senior democratic source, that the goal is tonight, senate democrats insist they're not there yet. there's still some outstanding issues on the republican side, however, there was a meeting probably now about an hour, hour and a half ago, among all senate republicans, and many, many senate republicans came out and said they did believe we were very, very close, and they were sticking around for a vote tonight. so t
>> good luck to you. >> as she disappears into the downpour, we're reminded of dana who walked these streets hungry for her next fiction. but today, dana says that staying sober is the only way to stay off the street. >> it's a fight, but i mean, it's a fight worth fighting for, you know to stay clean, i'm aware of that. i just really hope that, you know, i can continue forward and don't ever go back to it. >>> from nbc news in washington, the world's longest-running television program, this is "meet the press," with david gregory. >> good sunday morning, time is nearly up before we go over the so-called fiscal cliff. senate leaders spent the weekend working on a last-ditch deal and the house comes back today for a rare sunday night session. yesterday afternoon, in an exclusive interview, president obama sat down with me in the blue room of the white house. to discuss the way forward and his priorities for a second term. >> mr. president, welcome back to "meet the press." >> great to be here, thank you. >> the obvious question -- are we going over the fiscal cliff? >> well, i t
loud. >> wow. >> dana and i were getting our hair and makeup done and getting a ride to a live show, eric, which you said we should be on the road. we were on the road in front of a live studio audience and we were late. eric opened the show with three empty chairs and they cut and threw it to bret baier. [laughter] >> sort of like -- wow. >> groundhog day. >> like the other day. >> stop being late. we need to start the show. >> kidding. it was a dream. >> that's called a nightmare. >> come on, let's go. >> what? my turn? okay. check out this video -- anything cannot be better than this. look at this video, it's a great dane. his name is scooby and a little boy named cape. awesome. >> huge. very, very cute. >> we are running out of time. let's move on. >> go ahead. >> the traffic reporter for good day cincinnati has dance party fridays. take a look at this. >> i think there is going to be a long, long line, of cars trying to get to work on time, i'm just the man to get you there. >> he gets up and starts dancing. i love this guy. he's from a different affiliate. but that's awesome.
the year. we have the greatest fans on the planet. thank you. we also wish a happy new year to bob and dana. cheers to you guys. here is to making my prediction the reality. "the five" number one in 2013. let's do it everybody. of course to the troops whose commitment to freedom keeps us safe, sound and secure. thanks to all. good night, everyone. be careful out there tonight. let's do this. >> kimberly: happy new year! >> oh, no! ♪ >> bret: two words you've likely heard too many times. "fiscal cliff." the country will officially go over it tonight. congress will miss a midnight deadline. so what now? will washington prevent significant economic fall-out come wednesday? this is "special report." ♪ ♪ good evening. i'm bret baier. when the giant crystal ball makes the last move in times square tonight, 2013 will officially be here. and so will the deadline. for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the consequences so unattractive for missing that, that both sides would have to come to agreement. at this hour, there is no legislation to vot
with members on stand-by to return. senior congressional correspondent dana bash is following all of it for us. what are you hearing? >> there was a conference call of course members of the house leadership even, they're back in their districts, but there was a conference call today among those house republican leaders trying to figure out if and when the house should come back into session. two republican sources tell me they did not make a decision on this call. it's still up in the air. and a big reason for that is if anything can get done in the next six days, the ball is in the senate's court. the capitol is a ghost town. neither chamber in session. an eerie calm since the fiscal cliff only congress has the power to avert is less than one week away. from their home, senate democratic leaders is trying to figure out if the president's scaled back bill can pass congress at the 11th hour. >> there is absolutely no reason, none, not to protect these americans from a tax hike. at the very least, let's agree right now on what we already agree on. let's get that done. >> reporter: but to get tha
on the presidency, congress, campaigns, and elections, and american politics. back to the phones. dana from houston, texas, is on the line for independents. caller: a wanted to make a point to your comment earlier. i teach political science in houston. we teach students one of the roles of the president is our party leader is a fund-raiser. we ask ourselves about the president campaigning. that is part of his job. i would like to see a system where electoral college votes are awarded on a proportional basis. i want to ask if that would have an effect on how much campaign the president would have to do. i teach at the university of history downtown. i teach united states government ii. guest: thank you for your call in the good work you do teaching political science. part of the president's job is being the leader of his party. in my research, and was able to interview one of the last surviving aides to president he said the american people like to embrace the myth the president can be above politics. we do not like the idea that for him to be good at his job, he needs to be a good politician. if yo
Search Results 0 to 15 of about 16